• Sign in Join CharityConnect
  • About us
  • Terms of Use
  • Community standards policy
  • Privacy Policy

Powered by

Conversations
Back

The charity network that helps you shine.

Join 18,952 professionals and find your community in the UK charity sector.

Join CharityConnect

Moving from a company limited by shares to setting up a new CIC

New

Linda Baines President at NCIS Posted 7 hours ago

We currently operate as company limited by shares (ClS) and will be setting up a CIC limited by guarantee to replace it. We realise that we have to set up the CIC first and a new bank account for it. The directors of the CIC will include some of the directors of the ClS.  While we can see the guidance on Companies House about to close the ClS we are not clear on: 1) steps we need to take to transfer the cash balance in the ClS bank account and any other assets that the ClS might have to the ClC; 2) whether we need any kind of formal agreement between the ClS and the CIC; 3) how much time we should allow for this; and 4) who could advise us on this (ClS has external accountants); for example, whether we could need legal advice and how we could find this.  Any suggestions or ideas appreciated.
Report
{{postCtrl.totalLikes}} Like
Facebook Twitter LinkedIn Email Whatsapp

Optional. An image can be added at the top of the comment. Images must be in PNG, GIF or JPG format.

No responses yet. Be the first to reply!

{{ctrlComment.postTotalComments}} responses

Load more responses
See previous comments
See new comments

Related posts

Projected Salaries for Funding Applications

Anonymous user

Admin, Ops, IT & Finance

Free MS365 accounts for non profits?

Jeremy Harbord

Admin, Ops, IT & Finance

Looking for a Membership Management app

Andrew Knowles

Admin, Ops, IT & Finance

Charity banking

Louise Meehan

Admin, Ops, IT & Finance

Accounting Package iPlicit

Jane Moorman

Admin, Ops, IT & Finance

  • About us
  • Privacy
  • Community standards policy
  • Terms
  • Advertise with us

Powered by

© 2026 JobLadder

Report an issue

Help us keep CharityConnect safe and friendly by reporting spam or abusive behaviour.

What's the issue with this content?

How is this content abusive or harmful?

Report an abusive behaviour

Likes

{{ item.userName }}

{{ item.userName }}

{{ item.userJobTitle }} at {{ item.userOrganisationName }}

Show More

Likes

{{ item.userName }}

{{ item.userName }}

{{ item.userJobTitle }} at {{ item.userOrganisationName }}

Show More
{{ msg }}

Sign in

Like this? You'll love what we've got inside. Sign in to like this post and see more

Forgot password

Don't have an account? Join CharityConnect today.

Likes

{{ item.userName }}

{{ item.userName }}

{{ item.userJobTitle }} at {{ item.userOrganisationName }}

Show More